Adoption
Helium community votes to migrate to Solana, scores new T-Mobile partnership
The Helium Mobile project would be targeted at dead 5G spots in the U.S. for the wireless network users.
Solana
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Technology
Algorand throws hat in ring as Helium community begins vote on Solana migration
Available information shows that Helium developers considered other blockchains like Polkadot, Ethereum, Polygon, Avalanche, and Algorand before settling for Solana.
NFTs
Solana-based y00ts NFT collection launches; developers raise $7M in seed round
Y00ts has had a volume of $6.5 million and its floor price rose to as high as 186 SOL ($6138).
Bear Market
Helium down 55% in last 30 days as challenges run rife
Helium's market cap has drastically declined by over 50%, dropping from over $1 billion to around $490 million.
Technology
Helium developers propose migration to Solana
Helium community members are bashing the Solana migration idea, citing the network outages and other issues.
DEX
Solana-based DEX OptiFi loses $661,000 permanently after mistakenly closing program
OptiFi said it used the "Solana close program" without fully understanding the impact of the action.
Privacy
Coinbase will shut down staking service if regulators mandate censoring transactions
Coinbase's staking services are a high growth area and generated 8.5% of its revenue in the second quarter.
Scams
Over $1M lost in Polygon-based Dragoma rug pull
Blockchain security company PeckShield first reported the alleged rug pull, noting the sharp decline in the value of Dragoma's token DMA.
Hacks
Over 8K Solana wallets drained of funds, $10M estimated missing
The attack mostly affected mobile Solana wallets and most of the breach reports came from Phantom and Slope users.
NFTs
Solana NFT marketplace Magic Eden expands to Ethereum
The platform said that it plans to provide multichain solutions for NFT collectors and creators and has launched several tools to make that possible.
Analysis
Crypto investments products see inflows of $474M in July
The turnaround comes after the broader crypto market regained the $1 trillion mark and flagship digital assets slightly recovered from the bear market.
Web3
Solana spaces opens physical store in New York City
Vibhu Norby, Solana Spaces CEO, explained that the major aim of the physical store is to educate people about crypto and onboard new entrants.